Microcap Ledger

Tickers · $LIMN

Liminatus Pharma, Inc. $LIMN

By Microcap Ledger desk · CIK 0001971387

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Biological Products, (No Diagnostic Substances)
Headquarters
Cerritos, CA
Fiscal year end
December 31
Shares outstanding
67,160,362 [10-Q 2026-08-14]
as of 2026-08-14

Sources: [10-K 2026-03-31]

What the company doesAI summary of filing

Liminatus Pharma, Inc. is a pre-clinical stage biopharmaceutical company developing a humanized anti-CD47 monoclonal antibody (IBA101) for cancer treatment. The company's product candidate targets the CD47 immune checkpoint, which it says enables cancer cells to evade the immune system, and is designed to preferentially bind to immune cells rather than red blood cells and platelets, addressing a safety issue seen in earlier CD47 therapies. Liminatus is not currently generating revenue and is preparing for IND application submission with a Phase 1 clinical trial scheduled for 2026. The company manufactures through third-party GMP-compliant manufacturers and generates no current revenue. [10-K 2026-03-31]

Segments: IBA101 (anti-CD47 monoclonal antibody) - advanced solid cancers, mono therapy, IBA101 + PD-L1/PD-1 inhibitors - stage III NSCLC, combination therapy

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026—−$2.53M −$2.99M$3.02M[10-Q 2026-08-14]
FY ended Dec 2025—−$10.21M −$9.96M$337.7K[S-1 2026-06-24]
FY ended Dec 2024—−$3.55M −$1.45M$0.00[S-1 2026-06-24]
Quarterly cash burn
−$1.49M
Cash runway Estimate
~6.1 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2025-05-3026,014,633[10-Q 2025-06-02]
2025-10-0327,064,633[10-Q 2025-10-06]
2025-11-1327,064,633[10-Q 2025-11-14]
2026-03-2744,877,633[10-K 2026-03-31]
2026-05-1444,877,633[10-Q 2026-05-15]
2026-08-1467,160,362[10-Q 2026-08-14]
Shelf registration
S-1 filed 2026-06-24; no effectiveness notice found in EDGAR [S-1 2026-06-24]

Listing status

Current status: 8 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-09-29. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-09-298-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-09-29]
2026-08-188-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-08-18]
2026-07-248-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-07-24]
2026-05-278-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-05-27]
2026-01-268-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-01-26]
2025-11-258-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-11-25]
2025-08-258-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-08-25]
2025-06-048-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-06-04]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-07-02Valetudo Therapeutics Llcother3,448,926—[4 2026-07-14]
2026-06-24Valetudo Therapeutics Llcother4,373,603—[4 2026-07-06]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.